Global Adaptive Headlights Market Research Report - Forecast till 2026
SKU ID : MRF-17439373 | Publishing Date : 07-Jan-2021 | No. of pages : 112
According to Market Research Future Analysis, the Global Adaptive Headlights Market is expected to witness a notable market growth at 20.42% CAGR during the review period to surpass a value of USD 4,388.9 Million by 2026. Adaptive headlights are the technological advancements in headlights intended to create driving at night and other low-light conditions safe by rising the visibility around curves and over hills. The growth of the global market is attributed to the vendors is dependent on market conditions, government support, and industrial development. Therefore, the major manufacturers should focus on expanding their presence and enhancing their services during the review period.
The global adaptive headlights market is anticipated to register a healthy market growth during the review period. The global market growth is driven by the increase in the number of road accidents and growing awareness regarding vehicle safety. However, the demand for adaptive headlights is limited in certain regions where the vehicle's cost is still a more prominent factor than the safety of the driver and vehicle. Laser lighting as one of the future headlamp solutions is one of the most promising advancements in automotive lighting and the next major move after halogen, xenon, and LED headlight technologies. The prime benefit of laser lights is that their brightness is almost four times that of an LED.
Global Adaptive Headlights Market has been categorized based on Type, Vehicle Type, and Sales Channel.
In terms of type segment, the global adaptive headlights market has been categorized into LED, xenon, and halogen. The halogen segment is expected to register a 17.64% CAGR during the forecast period. Based on the vehicle type segment, the global market has been classified into passenger cars and commercial vehicles.
Based on vehicle type, the global Adaptive Headlights market has been bifurcated into passenger cars and commercial vehicles. By sales channel type, the global adaptive headlights market has been subdivided into OEM and aftermarket.
Geographically, the report on the adaptive headlights market has been spread across Asia-Pacific, North America, Europe, and the rest of the world.
Europe is likely to register the largest market with the largest market owing to the major adaptive headlight players, such as Robert Bosch GmbH, HELLA GmbH & Co. KGaA, OSRAM Licht AG, and Valeo, are headquartered in this region. The regional market has been spread across Germany, France, the UK, Italy, and Spain. Moreover, the growing demand for headlights, parts, and components from premium German OEMs, such as Mercedes, Audi, and BMW, pushes global market players to increase and develop their operation network in Europe.
Asia-Pacific is expected to contribute to the second largest market owing to the increasing vehicle production plants and distribution networks in the region. The regional market growth industry is driven by the growing automobile manufacturing industry, especially in countries such as China, India, and Malaysia.
The major players of the global market include Robert Bosch GmbH, General Electric, HELLA GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., OSRAM Licht AG, and Valeo.
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